Gold price outlook revised up due to Fed's instability and potential rate cuts.

MKS PAMP has revised its gold and silver price projections for 2023, citing the recent failures of Silicon Valley Bank and Signature Bank as evidence that the Federal Reserve has broken something vital during its fastest tightening pace in decades. The firm predicts that gold prices will print new all-time highs this year, with silver overdue a strong upside repricing once/if investors resubscribe. The Fed will have to choose between higher inflation, a harder landing or financial instability, and all outcomes will keep safe havens in play. Other reasons for the revised price forecasts include rising geopolitical tensions, the negative outlook for U.S. stocks, and the global de-dollarization trend.